While it wasn't the biggest loser on the day, the Russell 2000 did manage to undercut the bullish hammer - ending any chance for a Santa rally of note. Look for this weakness to repeat for the S&P and Nasdaq.

The commonly accepted definition of a bear market is misleading and dangerous. “Bear Market” implies it’s dangerous to buy stocks, but based on the commonly accepted definition, the Dow, S&P 500 and Nasdaq 100 indexes aren’t there yet.